Media stories about Systemax (NYSE:SYX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Systemax earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.1447270087433 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Systemax (SYX) opened at 27.99 on Friday. The company’s market capitalization is $1.04 billion. Systemax has a 1-year low of $7.05 and a 1-year high of $29.50. The firm has a 50 day moving average of $26.72 and a 200-day moving average of $20.59.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, August 1st. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. The firm had revenue of $313.00 million for the quarter. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.27%. On average, equities research analysts anticipate that Systemax will post $1.26 earnings per share for the current fiscal year.
A number of research firms have commented on SYX. Sidoti restated a “buy” rating and issued a $31.00 price target (up from $25.00) on shares of Systemax in a report on Thursday, August 10th. BidaskClub lowered shares of Systemax from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
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In related news, CEO Lawrence P. Reinhold sold 80,203 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $26.79, for a total value of $2,148,638.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Manoj Shetty sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $23.30, for a total transaction of $116,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 146,283 shares of company stock worth $3,788,403. 69.60% of the stock is currently owned by company insiders.
Systemax Company Profile
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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